France Business Confidence January 2016

France: Business sentiment stable in January

January 25, 2016

According to the INSSE business climate survey, the business confidence indicator remained stable in January at December’s 112 points, which had marked a three-month high. Thus, the indicator remains slightly above the long-term 110-point average, which is the benchmark measure the INSEE uses to distinguish between improving and worsening business expectations.

According to the INSEE, the result came on the back of improvements in businesses’ assessment regarding their personal and general production expectations, which offset a fall in past activity and inventories.

Met the why particular Consensus Forecast panelists see fixed investment contracting 0.5% in 2016, which is unchanged over the previous month’s estimate. For 2017, the panel sees investment expanding 1.9%.

Author:Eric Denis , Economist

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According to the National Institute of Statistics and Economic Studies’ (INSEE) business climate survey on manufacturing activity, the business sentiment index inched up from 112 points in December to 113 points in January.

The IHS Markit flash composite Purchasing Managers’ Index (PMI) ticked up from a revised 59.6 points in December (previously reported: +60.0 points) to 59.7 points in January, marking one of the sharpest rates of expansion in the survey’s history.